2404 -2406 Gettle Street, Klamath Falls, OR 97603
MULTI_FAMILY - Other - Klamath Falls, OR
- Added:
- Jan 9, 2026
- Days on Market:
- 177
- Last Refresh:
- Jul 5 at 10:06 pm
Property Features for 2404 -2406 Gettle Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Open
- Window features
- Vinyl Frames, Double Pane Windows
- Patio and Porch features
- Deck
- Interior features
- Ceiling Fan(s), Laminate Counters, Shower/Tub Combo
- Fireplace
- 1
- Appliances
- Dishwasher, Oven, Refrigerator
- Standard status
- Active
- APN
- 519521
- Size
- 2,100 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1200
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1941
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Carpet, Hardwood, Laminate
- Roof type
- Metal, Composition
- Architectural style
- Other
Listing agent Tracy Holden License #201213225 (541) 591-6060
Listing office Century 21 Showcase, Realtors 3130 S 6th Street, Klamath Falls, OR (541) 882-2121
Listing date Jan 9, 2026
Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Corner lot with two homes: a 3 bed/1 bath stick‑built home plus a 2 bed/1 bath manufactured home
- Rental‑ready setup with reported $2,500+/month rental income and prior STR use
- Both homes include new flooring and new windows
- Stick‑built home features forced‑air heating, dishwasher, oven, and refrigerator
- Fireplace included; laminate counters and shower/tub combo
- Metal/composition roof, public water and public sewer; open parking and a deck
Overview
The listing is for a residential income setup with both units positioned on the same parcel at 2404–2406 Gettle Street in Klamath Falls. No additional building details, unit layouts, or shared amenity information are provided beyond the home types and bedroom/bath counts.
For tenants or buyers seeking an owner-occupied arrangement or a straightforward two-house rental portfolio, this configuration offers a clear split between a larger 3-bedroom layout and a smaller 2-bedroom layout. The listing also notes that both homes include a 1-year First American Home Warranty, which may be helpful for buyers managing near-term maintenance planning. A past use as a short-term rental is mentioned, but current use details are not provided, so the opportunity should be evaluated based on the buyer’s intended operating model.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.7k | $12.72 |
| − Vacancy | −$2.3k | −$1.08 |
| EGI | $24.5k | $11.64 |
| − OpEx | −$7.3k | −$3.49 |
| NOI | $17.1k | $8.15 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Klamath Falls
- County
- Klamath
- State
- Oregon
- Longitude
- -121.732841
- Latitude
- 42.20521
